Page 1021 - Company News

Calcutta High Court modifies the extent of Priyamvada Birla estate

The Harsh Lodha side claimed that the ruling was 'firmly' in its favour

Go First resolution professional, lessors in talks to maintain aircraft

Advocate Diwakar Mahes­hwari, appearing for the RP, told the court that they are in talks with the lessors, one of which is SMBC Aviation Capital, to maintain the aircraft

Essar group signs MoU with Gujarat govt to invest Rs 55,000 crore

These projects would create over 10,000 job opportunities

Adani Group to make additional investment of Rs 8,700 crore in Bihar

The group is already present in Bihar, where it has invested Rs 850 crore, said Pranav Adani, Director, Adani Enterprises. He was speaking at the Bihar Business Connect-2023

Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range

Order backlog and pipeline offer strong revenue visibility for BEL

In the medium term, brokerage firms also highlight a robust pipeline prospect for the PSU

Kia India eyes 10% growth in sales volume next year: MD & CEO Tae-Jin Park

Park, however, anticipates the overall domestic passenger vehicle (PV) sales in the industry to stay "flat" in 2024, as demand primarily exists for sport utility vehicles (SUVs)

Slice of success: Have Zomato, Swiggy finally figured out the right recipe?

Zomato reported its first-ever profit of Rs 2 crore in Q1 FY24

Amazon won't have to pay $273 million in back taxes after winning EU case

The ruling by the EU's top court is final, ending the long-running legal battle over tax arrangements between Amazon and Luxembourg's government and marking a further setback for the antitrust chief

Hero MotoCorp appoints Vivek Anand as CFO; Rachna Kumar as CHRO

The Company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO)

Adani Group reports 13.7% rise in cash reserve to Rs 45,895 crore

Adani said while Ebitda rose to Rs 71,253 crore in April-September this fiscal from Rs 57,219 crore a year back, gross assets increased 6 per cent to about Rs 4.5 trillion

Shree Cement commissions high capacity kiln for Rs 3,500 cr Rajasthan plant

Shree Cement Limited on Thursday announced the commissioning of a kiln at its new integrated production facility in Nawalgarh, Rajasthan, with a rated capacity of 11,500 tonnes per day.

Adani Energy Solutions incorporates Gujarat-based Sunrays Infra Space Two

Adani Energy Solutions on Thursday announced the incorporation of a wholly-owned subsidiary Sunrays Infra Space Two Limited on December 13, 2023.

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

Tata Tech sets up vehicle-software focused Innovation Centre in Tamil Nadu

The first kind of facility in Coimbatore, about 550kms from here, would focus on innovating solutions for global customers through development, testing and integration of vehicle software solutions

Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech

The partnership aims to combine Infibeam's digital payments and AI-based frameworks with Pirimid Fintech's capital market trading software for its clients nationwide and globally

BluPine Energy ties up Rs 511 crore green loan for Gujarat solar project

The green loan financing for the project has been secured through leading global banking institution Standard Chartered, a company statement said

Nippon Paint announces acquisition of VIBGYOR Paints and Chemicals

After the acquisition, VIBGYOR Paints and Chemicals will become a division of Nippon Paint India, leveraging its resources and reach to further its growth and market leadership

Pawan Munjal-backed Exponent raises $26.4 million in Series B round

The fund would help the firm to deploy 1,000 e-pumps (charging stations) and have 25,000 EVs powered by Exponent by 2025

Cognizant gears up to advance women in leadership with new programme

In India, nearly 40 per cent of Cognizant's associates are women, compared to the IT industry gender diversity average of 36 per cent